Essay --

Michael NaoumProfessor GurfienINBS 250-0412 December 2013Exports vs. ImportsExports and imports may seem standardised two simple words throughout the English language. Many individuals understand exports and imports as straightforward excogitations that are used on an everyday basis. However, these terms name more personality then the normal dictionary definition that the average person abides by. Exports and imports have a weighty impact on the consumer and the economy about them. Currently, the world is changing into a global economy this means, that every countries economy has an impact on another. For example, if the United States economy were to collapse, this would have a large power on the Chinese economy due to the fact that, exports and imports play a large role in this. This may be a hard concept to grasp but topics such as, effects on economy, effect of exchange rates and the effect of inflation and interest rates are areas which when explained, will stimulate up mos t grey areas for the average individual. To begin, gross domestic product is a key concept to understand which invo...